Following the distribution, ESL and its affiliates,including Lampert, had a stake of 48.4 percent as of Dec. 2,down from 55.4 percent as of March 19, according to filings withthe U.S. Securities and Exchange Commission.

Lampert is also the chief executive, chairman and largestshareholder of the operator of Sears department stores and theKmart discount chain.

In an emailed statement, a spokesman for the fund said its limited partners elected to redeem their interests in 2013, andthat Lampert did not sell or otherwise dispose of any of hispersonal holdings in Sears Holdings.